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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
Fred Condiments Company manufactures jam and ketchup. Sales price and cost data for both products follow:

   Jam   Ketchup
Sales price   $20.00   $42.00
Variable manufacturing costs   12.00   20.00
Sales commission (10%)   2.00   4.20

The company has three sales representatives:   
   Units Sold
   Jam   Ketchup
John Carter   2,000   750
Gina Robb   2,520   650
Robin Gould   2,300   900

Calculate the total contribution margin and the contribution margin ratio for each sales representative. Round dollar amounts to nearest dollar and ratio to two decimal places.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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7 years ago
Will mark this subject solved, thanks
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